STREAMPLAY STUDIO LIMITED — Board/Management Information 2009

May 17, 2009

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18 May 2009

The Manager Company Announcements Platform Australian Stock Exchange Limited Level 10, 20 Bond Street SYDNEY NSW 2000

Dear Sir or Madam

RESIGNATION OF DIRECTOR

The Board of Gippsland Limited announces the resignation of Dr John Chisholm as a Director of the Company.

Dr Chisholm has been an important member of the Gippsland team having been closely involved in the exploration and development of the Company’s Abu Dabbab and Wadi Allaqi projects in Egypt. He will continue to be involved with the Company in a technical consulting capacity as the Company moves towards development of the 44.5 million tonne Abu Dabbab tantalum-tin-feldspar project.

Gippsland Directors greatly appreciate Dr Chisholm's contribution over the past 14 years as a Director and look forward to his continued technical input in the years ahead.

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Jack Telford Executive Chairman

ASX 090518 Director Resignation.doc

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